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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Oltchim SA    0FHQ   ROOLTCACNOR2

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Oltchim : Chimcomplex Plans To Acquire Oltchim

07/09/2015 | 05:37am US/Eastern
Deal Type: Acquisition
Deal Sub Type: 100% Acquisition
Deal Country: Romania
Deal Status: Planned
Deal Value: 0.0000 USD

Deal in Brief

Chimcomplex S.A. Borzesti, a chemical company, intends to acquire Oltchim SA, a diversified petrochemical company. The transaction is estimated to be valued at approximately €307 million (MM) (US$341 MM). Oltchim is a producer of various chemical products which include inorganic products like caustic soda, liquid chlorine, hydrochloric acid, sodium hypochlorite, and hydrogen peroxide. Dumitru Coman, director of Chimcomplex, said, “We believe that Oltchim platform still has potential, it just takes that catalyst that integrate the energies of the two teams. We believe that this catalyst can be placed inside the team at Oltchim with Chimcomplex. I hope that the Romanian state to consider integration solution for Oltchim Romanian Chemical Company, with effects both at the strategic, social, especially with effects which means sustainable development of this country.”

Index - Caustic Soda
Index - Propylene
Index - Propylene oxide
Index - PVC
Index - VCM
Index - Propylene Glycol (PG)

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